October gas tax deposit falls

Friday

Nov 1, 2013 at 9:32 AM

Phelps County’s gas tax receipts through the County Aid Road Trust (CART) fund distributions in October were down compared to the deposit made in October 2012.

Staff Reports

Phelps County’s gas tax receipts through the County Aid Road Trust (CART) fund distributions in October were down compared to the deposit made in October 2012.According to a financial report prepared by County Treasurer Carol Green and given to Phelps County Commissioners last week, the county received a total of $53,980.85 in gas tax funds this month, which is down compared to the amount received in October 2012, which was $54,145.27, a negative difference of 0.3 percent.In addition to the gas tax, the county also receives its share of funds from motor vehicle sales tax revenue and revenue received from motor vehicle fees. Distributions from all three tax funds are administered by the state.The county’s share of motor vehicle sales tax revenue this month was $13,950.95, a 22.66 percent jump from the county’s share received in October 2012, which totaled $11,374.11.In October 2013, the county received a total of $6,915.73 in motor vehicle fees revenue, a 6.44 percent decrease from the amount received from these fees in October 2012. Then, the county’s share was $7,392.09Below is a comparison of the county’s share in all three distribution categories for the months of January through September between 2012 and 2013.